BTC - Relief rallyAs the sentiment in the crypto space is becoming more bearish, a relief rally will liquidate many holders. Compared to the 17 cycle we could expect a instant bounce back to the upside and continuation in the bull market till the top. In 13 however, it took 6 months before we saw any breaking of previous highs. I expect something in the middle will happen in this cycle. I don't think the price will bounce as it did in the 2017 cycle but I also don't think we will trade sideway for 6 months. Rather i suspect June/July will be accumulation phases before we start running up again. I expect to break new highs before summer ends and a continuation from there to our market top somewhere in November.
Let me know what your thoughts are in the comments below.
Rally
ALGO - A Rally in the MakingPrice is nearing a strong support and bearish sentiment has slowed down for now.
Next, I expect a rally up to the last major area of structure.
Conditions:
-A candle needs to close above the purple line .
-There needs to be some solid buying pressure on the cross and retest
Entry: $0.96
Target: $1.24
Stop: $0.85
Let's see how things play out!
2021Saturn & Mercury Retrograde Trading Patterns - Slow RecoveryWe recently entered a Saturn Retrograde Sunday 23rd May 2021, and Mercury goes Retrograde 29th this month. So I wanted to take a look at how 2020 price action was affected by these scenarios playing out last year to see if we can learn from the past and prepare ourselves.
Jeroen Van Lange of Blockchain Today does a lot of mercury retrograde studies and said that in a bear market he notices the price action dips a little when we go into a retrograde. But in a bull market price action is often is a continuation of price action to the upside. If we are to learn something from this present-day retrograde, we'd need to determine if we're in a bull or bear market.
My sense of it is that should be break above $40K and stay above it by the end of the weekend, then mercury retrograde this weekend may give us a stimulus in upward price action. However, this Mercury retrograde comes during a Saturn Retrograde with is "retarded speed" as a theme.
In 2020 you will see price action during the yellow sticks was a little sideways and slower to recover from the "event" dump of February. However, toward the end of the retrograde period we saw a Bart Simpson pump and dump landing just a little bit above the price of where we were at beginning of the retrograde period. All in all a slow climb up.
If you're expecting a fast recovery of the bitcoin price after our recent dump, we might just see 3 more weeks of a slow and steady recovery with some dips along the way. We shall wait and see. Saturn goes progressive 10th of October this year. You'll see in this chart the Mercury retrograde patterns for 2020 green lines. Price action was down as we went into retrograde pre Halving technically at the end of the bear market. Howeer as we entered the bull run post halving mercury retrograde had a rally.
Bitcoin - Staying Positive, Buying LowOn Analysis,
The bottom channel has been tested twice, CMF below 0.00 withstanding, a retest of the channel breakout may be possible.
CME futures and also BTC Daily chart could converge to provide some support to the idea, of which I will publish separately.
Although basic trend pattern, quite different, please take of it what you will, still love feedback
cftc.gov/dea/options/deacmelof.htm
BTC is seeing some tough times, so I should write this:
***Education Purposes Only***
Dominance !!!This chart is saying something. Which means' the market is quite sure that BTC is the real deal. Before the price~falling They say that the most critical thing in this ecosystem is increase the amounts of BTC. But why.??? Even my grands could be aware of the problem caused bY BTC’s hegemony. Think about it why are we valuing BTC on this price level.???
Is it really worth that much.??
Strong dominance is the one of the bad scenarios for Alternative coins. When the dominance starts to tracking some strong upper trend, our little alt’s ~even they have a newborn story about project like main.net~ must loose from the price or they just wait until the BTC’s rally end. We must check this chart time to time.
BTC-Welcome to a boring, tricky, sideway market phase !! Hello trader,
good mood and profitable deals!
If you're new in the game,and you are interested in my plan, check out my previous analysis ( link below ) :
BTC fractal analysis! bigger correction is comming ?
Altcoin session is comming !!
BTC Crypto Hype - MA fight !!
BTC Crypto Hype II - Fractal play !!
BTC Crypto Hype III - The top is set -618 play !!
BTC 2017718 fractal- - We'll be waiting longer for new ATH !!
WELCOME TO A BORING ,TRICKY,SIDEWAY MARKET PHASE !!
It is better to assume that BTC will no longer be the hoped-for monetization machine in the near future! , stophunts, low volatility!
So very difficult to trade, and with a lot of experience in small time units, that's why I'll only call long and short daytrades in the near future!
If you are one of those who got on the heights for the first time, don't be discouraged. Since BTC has become an indispensable part of the markets, unlike in 2018, I strongly assume that BTC will still go extremely high. It will only be his take time !
I would recommend that you switch mostly to other markets, educate yourself, and observe!
EVER HEARD FROM THE 90-90-90 RULE
Maybe a little exaggerated, but still consistent. 90% of all new market participants lose 90% of their portfolio in the first 90 days!
The wheat will be separated from the chaff, are you ready to work hard on technology and psychology?
EDUCATION POST, VERY IMPORTENT
I will expand the subject week by week
It's crazy what you have to get hold of in chats when you call words like end of rally, or the bubble has burst.
Even if I called these movements correctly in April, check it out. The crypto scene is a lot too emotional !
Even WARREN BUFFET didn't want to go to crypto, because he just doesn't feel like messing around with supercilious beginners. No descent from beginners. I just call on to be prudent and not to act on opinions!
ON THE TECHNICAL SIDE
Aaccording to the ABC what exactly ended on the 1.618 extension and the 1D MA300, I expect a short-term recovery, but could still turn into a 12345 wave still nasty. Be it as it comes, everything below 11k would completely destroy the structure, but also very unlikely !!
alternative.me
Retail trader in extreme fear 11.
Not far from the ATL. A confirmation that we could briefly, massively drop before a long sideway action begins
I would like to mention that all I post are just options and my own opinion !
Always trade with SL, and do not risk more than 1% of your portfolio (max 3%) per trade.
Discipline is the key to success !
Trade setups, no opinions !
Unfortunately, my english is not so good and I work with google translate, but if you have any questions I will be happy to answer them .
My followers have been making a big ride with me since I posted.
One of the few who called this big correction at the beginning of April .
I am a private person and am available for questions almost 20 hours a day, I would also be very happy to TV tokens :)
If you like my posts smash the like button, comment or follow me.
Thanks for reading my ideas,
Trade save!!
ACST RALLY?ACST is facing reverse split but they also have merger news. what is going to happen!? so exciting. lets find out!
BTC 2017/18 Fractal - We'll be waiting longer for new ATH !!Hello trader,
good mood and profitable deals!
BTC 2017/18 FRACTAL VS ABC CORRECTION !!!
If you're new in the game,and you are interested in my plan, check out my previous analysis ( link below ) :
BTC fractal analysis! bigger correction is comming ?
Altcoin session is comming !!
BTC Crypto Hype - MA fight !!
BTC Crypto Hype II - Fractal play !!
BTC Crypto Hype III - The top is set -618 play !!
If we look at the move from the top, so far we have completed a clear 3-3-5 1to1 ABC correction.
But believe that after a few days of recovery we will start the next downwart wave. But I will judge this when the time comes !!
IMO the price is supported from the strong Fib Cluster. the 0.618 of the last 5 upward waves, 1 to 1 abc extension , -0.236 and 1D ema 200.
Bullish divergences are also emerging on 4h MACD , RSI and AO
This does not mean, however, that the price cannot fall any further, it only slows down. If we have not yet found the bottom. I expect the next upward movement at the latest at 1D MA200. If this happens, the fractal from my last post would also be exact play.
I don't want catch falling knives, so I'm waiting for a reversal pattern in 30 min -1h chart. Until I enter the next LONG !!
Now to the 2017718 fractal:
Amazing how simular the movements are, algoritmically, and temporally. Here, too, the price had drawn a clear 1to1 abc , I can still remember how quickly everyone became bullish again. But the bears defended the 0.382 and pushed the price down to new lows, the 0.618 of the 1st wave!
For a bearish perspective, no 1D candle should close over the Bill Williams 3 lines, I'll show them in one of the posts below.
A break of the 0.382 retracement would put me in a neutral position. If there is a sustained break of the 0.618, I will end my attitude to bullish !!
BTC dominantz is also at the same levels as it was at the end of the 2017 rally !!
One more sign of the old session that I've been talking about for so long .
One more thing is that Elon Musk's institutional cap will be removed. It will certainly weaken BTC if an SPX company stops investing.
alternative.me
BTC sentiment on 27,fear..Sentiment chart also shows me that we haven't reached the bottom yet !!
I would like to mention that all I post are just options and my own opinion !
Always trade with SL, and do not risk more than 1% of your portfolio (max 3%) per trade.
Discipline is the key to success !
Trade setups, no opinions !
Unfortunately, my english is not so good and I work with google translate, but if you have any questions I will be happy to answer them .
My followers have been making a big ride with me since I posted.
One of the few who called this big correction at the beginning of April .
I am a private person and am available for questions almost 20 hours a day, I would also be very happy to TV tokens :)
If you like my posts smash the like button, comment or follow me.
Thanks for reading my ideas,
Trade save!!
Just sit and watch this rally 😲Like XRP, in my previous ideas, it was unique in every way I looked at the chart: divergence, whether it was the moving average of the Bitcoin chart, the strength of support and resistance, or the market atmosphere during the rally, and...
With every technique and look I had, this rally should happen.
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Trendline specified in the chart is our target, stop-loss is below of that supportive trendline.
BTC Crypto Hype III - The top is set - 618 play !!Hello trader,
good mood and profitable deals!
If you're new in the game,and you are interested in my plan, check out my previous analysis :
BTC fractal analysis! bigger correction is comming ?
Altcoin session is comming !!
BTC Crypto Hype - MA fight !!
BTC Crypto Hype II - Fractal play !!
As I have mentioned before, I believe that the BTC rally has come to an end, at least for this summer .
The rally ended at 65k at the 2,618 (from 20k - 3k, correction of the 2017 rally) and dumped to 47k, the 1,618
From here we saw a strong bounce, how else could it be, to 618 of the previous move. the mass was bullish again, the bulltrap was set.
will continue to trade the 618 game until it fails.
After the next correction I will go SHORT.
Target in the chart
I would like to mention that all I post are just options and my own opinion !
Always trade with SL, and do not risk more than 1% of your portfolio (max 3%) per trade.
Discipline is the key to success !
Unfortunately, my english is not so good and I work with google translate, but if you have any questions I will be happy to answer them .
If you like my posts smash the like button, comment or follow me.
Dyor an trade save !
No pullback after a strong rally means DOGE will continue to WOWIt is normal to expect a pullback after a strong rally as momentum-driven buy orders abate and some traders begin to take profits.
In fact, the extent of subsequent pullback and its time frame is used to predict the timing and extent of the subsequent rally.
After rallying 62% from the low of $0.42 to the all-time high of $0.69 (no pun intended) in 10 hours, DOGE price has stabilized between $0.66 and $0.68 for 8 hours now without any substantial pullback.
DOGE army remains committed, no one is selling out.
Considering its recent and YTD performance, traders, who missed the incredible rally, or sold early are waiting for a pullback to buy DOGE.
I interpret this price action as bullish (possibly because I am long). No pullback after a rally means another rally is coming.
Sharp Downtrend is coming on BNBUSDTAs you can see, BNBUSDT is in a major range trend. Uptrends inside the range are losing momentum and their angles getting lower every time.
But downtrends getting stronger and their angles getting higher each time. Beside, RSI shows hidden divergence on the uptrend and volume rises near resistance shows selling pressure. This is the BNB situation. If the blue line breaks, there going to be a sharp downtrend.
I think price forms a double top before downtrend.
GBPAUD : REBOUND FORECAST !After the recent meltdown of GBPAUD into the lows of 1.74 on DECEMBER 11,2020. GBPAUD is starting to recover and setting up for a rally soon to occur.
Looking at the charts, We can easily notice recent lows formed on Daily timeframe such as 1.74340 and1.75620 {marked with black broken lines}. This gives an indication of possible buys coming in soon. We should also note that there are couple of sell walls along the way to the top of 1.82900.
For the weeks ahead, GBPAUD could rally into 1.82900 and probably get as high as 1.8500....
Risk Warning : The risk of loss in trading Foreign Exchange (FOREX) can be substantial.
You should therefore carefully consider whether trading is suitable for you in the light of your financial condition.
Goodluck !
SHOP S&R Strong Bid Off Swing LowShop dropped all the way to 1006.21 when the market plunged in March. Since correcting 32% from its all time high, SHOP has been strong as the tech led rally continues. Its earnings are coming up this month and it has showed strength throughout April. It is also trading right above its January range which should serve as a strong support.
Gold Futures. Possible Narrative.RSI, Double Bottom, Value Areas taken into account.
RSI, double bottom make me very bullish. I believe that action has been accounted for in what we see already.
Using value areas, I would think we will see price gather lower before successfully breaking current ceiling.
TLDR: Don't sell, don't buy. Go home.
RLYUSDT, near to strong support, RallyHello my friends. Keep it in your watchlist, we have a strong support area in the circle, So if the price give us a return pattern we can buy it . Good luck.
If its useful like it please as a support and follow me for next analysis :)
Longing RLY/USDT- Breaking resistance
- Part of the Coinbase Ventures Portfolio
- Indicators confirmation
- NEVER RISK MORE THAN 2/3% - ONLY WHAT YOU CAN AFFORD TO LOSE
Nice Bull Trend Rally GAMB GMB BTC/ETHWhat are your guys thoughts? We'll see if it will break to the upside and continue its rally into the next fib level. I'm still new to fib retracement, so I might be using it upside down? Anyway, i like the chart. GMB-BTC has the same trends.
Thanks for checking it out - please show appreciation if you value my content.
**Entertainment purposes only. Not financial advice.
XLM CorrectionBTC seems to be taking its time in correction or retracing before making up its mind about what it wants to do. Coupled with the fact that institutional investment hasn't slowed it seems that our Bull Run has in fact been the result of institutional investing more than anything else. This means the long awaited Alt Coin Rally is still a ways off but that when it does hit, it will be driven to astronomical heights thanks to the institutional investments that began around August of last year, or perhaps earlier.
What does that mean for XLM?
In the short term the most reasonable price point is the previous low of .314 to have a 47% retracement to continue on the parabolic trend like it has for the previous two legs. Otherwise the next options are the Major supports at .27 and .182 respectively. Those values being 44.5% and 70% retracements respectively. These values would coincide with breakdowns with BTC movements, and previous behaviors from ATH levels of which are quite reminiscent of the 2017 rally. If that is the case then the most logical bottom for XLM is actually just over 18 cents. This could happen in a very short amount of time such as a couple weeks or about 4 months. Once that level is reached, depending of course which level, it will either go back to previous ATH at around .608 or skyrocket by a factor of 50 to $7.40.
All that to say this, I am setting buy points at .32, .27 and .182 and will be adjusting them if I am awake to do so based on whatever BTC chooses to do. BTC may very well break down to the 40k range or even 20k ranges in short order, which would push XLM to the .20's and teens. Unfortunately, every ounce of price action that we can predict from XLM is 100% reliant upon the actions of BTC. So if BTC retraces and bounces back early then so will the retracement of XLM take longer. XLM must meet the .32 - .314 threshold first in order to continue its parabolic pattern, otherwise it would have done so already... beyond that is anyone's guess, and up to the BTC community to decide...
What do you guys think
*Not financial advice*